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15 Jul 2013
EUR/USD recovers 1.3040 after US sales
FXstreet.com (Edinburgh) -The single currency quickly escalated to the area of 1.39040 after the US retail sales disappointed investors in June.
EUR/USD bounces off lows
The pair thus managed to leave the proximities of the critical 1.3000 support to test 1.3040 after US retail sales expanded 0.4% on a monthly basis and coming in flat excluding the auto sector. Both prints are lower that the median at 0.8% and 0.4%, respectively. Further data showed that the NY Empire State manufacturing index climbed to 9.46 for the month of July, surpassing expectations at 5.00.
EUR/USD relevant levels
The pair is now falling 0.30% at 1.3038 and a dip beyond 1.2982 (50% Fibo) would target 1.2966 (low Jul.11) en route to 1.2949 (high Jul.10). On the upside, resistance levels align at 1.3100 (high Jul.12) ahead of 1.3118 (MA30d) and then 1.3208 (high Jul.11).
EUR/USD bounces off lows
The pair thus managed to leave the proximities of the critical 1.3000 support to test 1.3040 after US retail sales expanded 0.4% on a monthly basis and coming in flat excluding the auto sector. Both prints are lower that the median at 0.8% and 0.4%, respectively. Further data showed that the NY Empire State manufacturing index climbed to 9.46 for the month of July, surpassing expectations at 5.00.
EUR/USD relevant levels
The pair is now falling 0.30% at 1.3038 and a dip beyond 1.2982 (50% Fibo) would target 1.2966 (low Jul.11) en route to 1.2949 (high Jul.10). On the upside, resistance levels align at 1.3100 (high Jul.12) ahead of 1.3118 (MA30d) and then 1.3208 (high Jul.11).